Description

LOCATION

Glasgow is Scotland’s most populus city, with a population of approximately 650,000 persons. The city boasts 6 principal universities and colleges, with a student population of over 185,000 students from 140 countries.

Secession is at the heart of Glasgow’s West End, in the prime affluent student and professional location, on Great Western Road, virtually adjacent to Kelvinbridge Underground. There are many complimentary bars and restaurants within the immediate area.

The property is very close to the Glasgow University’s campus. The property is on Great Westen Road voted the third “coolest” street in the world in 2022.

DESCRIPTION

Secession is part of Webster’s Theatre and Venue. Webster’s is the former Lansdowne Parish Church, constructed around 1863.

The property and title has been split. The Webster’s Theatre will continue to operate as normal, providing its audiences with a variety of very popular theatrical performances and events.

Secession is formed within a clearly defined part of the property, which is being separated. It is important to note that the main church and steeple do not form part of the sale and will remain in the ownership of Webster’s Theatre, as will the maintenance liability for that part of the property. Secession is being sold as a separate building, with its own operating accommodation, kitchen and toilets and separate services, etc.

ACCOMMODATION

GROUND FLOOR

Secession Bar

Delightful bar/cocktail bar and restaurant, seating approximately 50 persons, with a snug area to the rear, seating a further 15-20 persons. There is an ornate bar servery with many traditional architectural features.

Accessible Toilet

Customer Toilet 2

Beer Cellar

Kitchen

Commercial kitchen, fully fitted with commercial catering equipment.

FIRST FLOOR

Principle Function Room

There is a large function room with a capacity for approximately 60 persons, which is a very popular wedding and function venue.

Meeting Room/Private Dining Room

There is a separate meeting room/private dining room for 22 persons.

Ladies Toilets

Gent’s Toilets

Store Room

EXTERNAL

Beer Garden

There is an external beer garden area to the front with seating for approximately 20 persons.

NOTE – The floor plans provided are indicative and the common access areas are being finalised.

RATEABLE VALUE

The premises are currently assessed as a single entity. Upon the sale of the property, the premises will be separately assessed for rating purposes.

SERVICES

We understand that the premises are connected to all mains services, including gas, drainage and electricity. Heating is from a gas fired central heating system. The services between the buildings are separately metered.

PREMISES LICENCE

At present, there is a single premises licence over the entire property. An application is to be lodged to provide a separate premises licence for Secession, and that premises licence will be available to transfer to a purchaser.

EPC

An EPC is available upon request.

THE OPPORTUNITY

Secession is currently operated under a short term licence. No trading information is available and this is an asset, not a going concern sale. However, all fixtures, fittings, furnishings and equipment within the property will be included within the sale.

This is a rare opportunity to acquire a prominent bar, restaurant and function property at the heart of Glasgow’s affluent West End.  Such properties rarely come onto the open market.

The property offers a variety of opportunities, including continuing the current operation or specialising with a greater emphasis on the restaurant business, capitalising on the function room or enhancing the restaurant capacity. A variety of opportunities are available to the ultimate purchaser.

PRICING

Offers over £425,000 are sought for the heritable property, to include fixtures, fittings, furnishing and equipment. One decorative item is excluded from the sale. The price excludes VAT, which will be payable in addition. Our clients may also consider a new lease on terms to be agreed.

VIEWING AND FURTHER INFORMATION

Strictly no approaches to be made to the property direct. For further information please contact CDLH on 0141 331 0650.

ANTI MONEY LAUNDERING

The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 came into force on the 26th June 2017. This now requires us to conduct due diligence not only on our client but also on any purchasers or occupiers.  Once an offer has been accepted, the prospective purchaser(s)/occupier(s) will need to provide, as a minimum, proof of identity and residence and proof of funds for the purchase before the transaction can proceed.

Floor Plans

• Floor Plans for Secession

  

  

Dataroom

There are no property datarooms available